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Prataap Snacks makes strong debut; ends 25% premium to IPO price

Prataap Snacks listed at Rs 1,270, a 35% premium against its IPO price of Rs 938 per share on the NSE.

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The average Sensex return for these months is a negative 1.55%

SI Reporter Mumbai
Prataap Snacks made a strong debut on bourses by listing at Rs 1,270, a 35% premium against its initial public offer (IPO) price of Rs 938 per share on the National Stock Exchange (NSE). On BSE, the stock listed at Rs 1,250, a 33% above its issue price.

Post its listing, the stock hit its high of Rs 1,319 on the NSE and Rs 1,317 on BSE. The stock pared some intraday gains to settle 25% higher at Rs 1,178 against its issue price, and 5% lower against opening price. 

The Rs 482 crore IPO of Prataap Snacks